{"id":11458,"date":"2022-08-03T14:51:39","date_gmt":"2022-08-03T14:51:39","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/03\/solana-ecosystem-hit-by-hack-draining-millions-in-crypto-from-8000-hot-wallets\/"},"modified":"2022-08-03T14:51:41","modified_gmt":"2022-08-03T14:51:41","slug":"solana-ecosystem-hit-by-hack-draining-millions-in-crypto-from-8000-hot-wallets","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/03\/solana-ecosystem-hit-by-hack-draining-millions-in-crypto-from-8000-hot-wallets\/","title":{"rendered":"Solana ecosystem hit by hack draining millions in crypto from 8,000 hot wallets"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/3\/23290149\/solana-ecosystem-blockchain-attack-hack-wallets-phantom-slope-supply-chain<\/a>
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Hackers have targeted the Solana ecosystem, draining crypto funds from thousands of \u201chot\u201d wallets connected to the internet. Such attacks are common among blockchain platforms, but the news is still significant given the praise Solana has attracted as one of the faster and cheaper ecosystems for trading digital assets.<\/p>\n

It seems hackers have been able to steal both Solana\u2019s own cryptocurrency (SOL) and some compatible with the Solana blockchain, like the stablecoin USD Coin (USDC). As the attack is ongoing, the value of the assets stolen is not clear, but reports from independent analysts<\/a> and security firms like PeckShield<\/a> estimate the losses are worth as much as $8 million.<\/p>\n

Solana has struggled with security incidents in the past, including bot spam<\/a> and reported Distributed Denial of Service, or DDoS, attacks. Meanwhile, it\u2019s also taking deposits for the Saga phone<\/a> that it says will launch next year with support for the network\u2019s decentralized apps built-in.<\/p>\n

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This does not appear to be a bug with Solana core code, but in software used by several software wallets popular among users of the network. <\/p>\n

Updates will be posted to https:\/\/t.co\/ivyoIbdCDP<\/a> as they become available. 2\/2<\/p>\n

\u2014 Solana Status (@SolanaStatus) August 3, 2022<\/a>\n<\/p><\/blockquote>\n<\/div>\n

Solana\u2019s official Twitter account now says<\/a> that approximately 8,000 (up from 7,767 earlier) wallets appear to have been affected by the attack, including those operated by third parties Phantom and Slope. The company did not explain the cause of the attack but noted that there was no evidence that hardware wallets (those not connected to the internet) had been affected.<\/p>\n

In a tweet, the company\u2019s status update says, \u201cThis does not appear to be a bug with Solana core code, but in software used by several software wallets popular among users of the network.\u201d<\/p>\n